Specialist Economy (Philosophical) vs Cottage Economy (Financial)

He did make a couple posts a month or so ago. It was in obsolete's 2nd most recent game, the one where he used HC with an 8 city limit for space race, and also the one where DaveMCW stepped in and also won space using 8 cities, with a CE. Obviously though if he's still around he does not frequent the strategy & tips forums much!
 
Hybrid economy, specialist cities can double as production, cottage cities bring in the moneys.

Also, a good portion of city sites can really only run one or the other. IE if you have a ton of grassland and 0 - 1 food resources... running specialists is kinda wasteful. On the other hand, if you have a city with 3 fish and only access to 3 plains or something, running specalists is only logical.

Typically, Ill have 3 specialist cities, 1 main big one with a ne, and then 2 support gp farms that sort of double as production cities. This is my ideal number at least, but sometimes city sites sort of force me into having more or less

I like Elizabeth for difficulties below Immortal, but thats only because I like to see ridiculous numbers on the science chart in the middle ages. For Immortal+, financial/philisophical combo just doesnt have enough strength early on to be the best pick.
 
CE with FIN.

FIN is the more powerful, and more restrictive, trait. Unless the map is very water-heavy, FIN goes to waste if one doesn't play a CE while PHI is more universally useful: a CE with one dedicated GP farm/wonderspam city gets some very decent use of it as well.
Also, the bonus of FIN is linear: An empire twice as large will get twice as much out of it, while the bonus of PHI doesn't scale to the same extent.
For these reasons, Elizabeth lends herself to a hybrid rapidly moving towards a CE. If we were running a SE, FIN would be pretty much strictly inferior to ORG (which I consider a SE-friendly trait, along with SPI).



Addendum: Without FIN or PHI, I would favour a specialist economy in most cases, possibly transitioning in the late Renaissance.
 
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